secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN STATES WATER CO (AWR)
CIK:        0001056903
Form:       8-K
Filed at:   2023-07-05T23:59:59+00:00
Accession:  0001628280-23-024157
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AWR and Golden State Water enter new $150M/$200M credit facilities, replacing 2005 agreement
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- AWR gets $150M unsecured revolving credit facility, expandable by $75M, and GSWC gets a separate $200M facility, also expandable by $75M.
- Both facilities have a five-year term and are syndicated among multiple banks led by Wells Fargo and Bank of China.
- Covenants include a total capitalization ratio not exceeding 0.65 to 1.00 for AWR (excluding electric subsidiary) and GSWC.
- CEO Sprowls says facilities support day-to-day working capital and infrastructure investment programs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056903/000162828023024157/0001628280-23-024157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92116/000162828023024157/awr-20230628.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-024157

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer